The project boasts an impressive scale of over 240 hectares and a minimum investment capital of 2 billion USD. The investor will be granted a term of up to 70 years from the date of receiving the investment registration certificate.
The project site is located in Van Yen, Van Don District, Quang Ninh Province. The investor is expected to complete the project within 9 years from the date of being allocated or leased the land for project implementation.
The 62 hectares of natural forest land interspersed within the project area will remain untouched and be managed and utilized in accordance with forestry laws and other relevant regulations.
The project aims to develop a premium integrated resort and entertainment complex, featuring international-standard event venues and a world-class casino. It promises to be a captivating destination, offering a range of exciting activities beyond gaming.
With a scale of over 240 hectares, the project attracts a minimum investment of 2 billion USD. |
The Ministry of Finance has proposed that the Prime Minister approve the pilot program to allow Vietnamese people to enter and gamble in casinos, following the direction of the Politburo. The duration of the pilot program and the conditions for casino business will be implemented in accordance with the law on casino business.
Regarding the investor selection process, the Ministry of Finance proposed that the Prime Minister authorize the People’s Committee of Quang Ninh Province to determine the investor selection method, ensuring compliance with the Law on Investment, Bidding Law, and other relevant legal regulations.
According to the recently approved scheme for the arrangement and administration of administrative units at all levels and the model of local government with two administrative levels, Van Don District will be one of the 13 special administrative-economic units across the country, under the management of the provincial level.
In late April, Quang Ninh Province issued a list of land plots to be auctioned for selecting investors, including the project of a high-class complex of tourism and resort services in Van Don Economic Zone.
Previously, Quang Ninh estimated that the Van Don casino complex would contribute nearly VND 229,000 billion (equivalent to more than 9.6 billion USD) in taxes to the state budget during its 70 years of operation.
Viet Linh
– 20:41 29/05/2025
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